We'll consistently provide you with bookkeeping updates in the context of your moving business. Got urgent queries that just can't hold off? Rest assured, we'll respond within one business day or even less.
Our system helps you streamline the tedious tasks of financial record-keeping by automating data entries from a majority of primary providers, minimizing the risk of common errors. Our collaborative partnerships with key players like Gusto, Stripe, Shopify and Square ensure your financial transactions align seamlessly with your moving business—resulting in consistent and accurate financial management.
Wave farewell to heaps of paperwork and exhausting manual tracking—we automate inputs directly from linked accounts for your moving business. Gain insights from one comprehensive dashboard so you can effortlessly understand the health of your moving company and make strategic decisions.
DR. BUKKY KOLAWOLE
As a moving company, there are several specific expenses that you can track and write off for tax purposes. These include but are not limited to:
<ul><li>Vehicle expenses (including fuel, maintenance, and repairs)</li><li>Equipment costs (like dollies, blankets, or moving straps)</li><li>Warehouse and storage expenses</li><li>Office expenses</li><li>Insurance premiums</li><li>Advertising and marketing costs</li><li>Employee wages</li><li>Professional services fees</li></ul>
Keep in mind that this is not an exhaustive list, and the specific expenses you can write off may vary depending on your individual business operations. It's always recommended that you consult with a professional bookkeeper or accountant to ensure you are accurately tracking and deducting eligible business expenses.
For a moving business, managing financial complexities can be quite challenging. A specialized accounting service like Bench Accounting can provide tailored solutions to meet these unique needs. This includes tracking expenses accurately, managing cash flow, investing in assets (like moving trucks and equipment), and overseeing payroll for staff. With a specialized accounting service, you can also get assistance in preparing and filing taxes, ensuring legal compliance, and helping with financial planning to grow your business. By outsourcing your accounting tasks, you can focus more on your day-to-day operations and provide better services to your clients.
Proper bookkeeping is crucial in managing the fluctuating revenues that are common in the moving industry. Firstly, thorough bookkeeping provides a detailed record of all transactions, reducing the risk of financial mismanagement and potential legal issues. Secondly, it allows businesses to track income and expenses accurately, enabling them to analyze their financial performance over time and understand the periods of high and low revenues. Lastly, such financial understanding aids in making informed business decisions, planning for lean periods, and capitalizing on high revenue periods. Therefore, bookkeeping serves as a powerful tool in managing uncertainty and improving the financial stability of businesses in the moving industry.
Nope! All bookkeeping is completed in-house.
Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.
We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.